Siemens Fonds Invest GmbH acquired a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 20,322 shares of the company's stock, valued at approximately $987,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FOXA. WealthTrak Capital Management LLC bought a new position in FOX during the fourth quarter worth $26,000. SRS Capital Advisors Inc. boosted its position in shares of FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of FOX in the fourth quarter valued at about $28,000. Jones Financial Companies Lllp boosted its position in shares of FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after acquiring an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in shares of FOX by 122.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after acquiring an additional 368 shares during the period. 52.52% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This trade represents a 4.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 21.77% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Barclays reaffirmed an "outperform" rating on shares of FOX in a research report on Tuesday, May 13th. Guggenheim reaffirmed a "buy" rating and set a $60.00 price objective on shares of FOX in a research report on Tuesday, March 25th. Moffett Nathanson cut shares of FOX from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. Loop Capital upped their price objective on shares of FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, FOX has a consensus rating of "Hold" and a consensus target price of $52.71.
Check Out Our Latest Report on FOXA
FOX Trading Up 1.2%
Shares of FOX stock traded up $0.69 on Tuesday, reaching $56.50. 3,943,592 shares of the company's stock were exchanged, compared to its average volume of 3,490,594. The company has a market capitalization of $25.40 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. Fox Co. has a 52 week low of $32.51 and a 52 week high of $58.74. The firm's 50-day moving average is $51.41 and its two-hundred day moving average is $50.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.
FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.17. The firm had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.14 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company's revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 EPS. Sell-side analysts predict that Fox Co. will post 4.38 EPS for the current fiscal year.
About FOX
(
Free Report)
Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.
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